CFA Practice Question

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CFA Practice Question

Which one does not belong to the properties of an ideal currency regime?

A. Exchange rates are credibly fixed.
B. Each currency is fully backed by gold.
C. Currencies are fully convertible.
Correct Answer: B

User Contributed Comments 2

User Comment
SalimBouch why?
chen511 ideal exchange rate policy:
1. fixed exchange rate
2. free capital flows
3. independent monetary policy
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